Why Shares of Fiserv Are Rising Today
Shares of the payments and bank technology company (NASDAQ: FISV) traded nearly 6% higher, as of 1:17 p.m. ET. The Wall Street Journal reported earlier that activist investor Jana Partners has built a stake in the company and is lobbying for change that will lift the struggling stock.
The Wall Street Journal cited anonymous sources in its reporting, saying Jana supports the current CEO, Mike Lyons, who took the position last May. While Jana's position at Fiserv is unknown, the Journal reported that the investment manager believes the company could benefit from increased bank spending.
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Source Fool.com
Fiserv Inc. Stock
€52.73
0.590%
Fiserv Inc. is currently one of the favorites of our community with 8 Buy predictions and no Sell predictions.
As a result the target price of 85 € shows a very positive potential of 61.2% compared to the current price of 52.73 € for Fiserv Inc..
